Republicans

Obama's $447bn job package proposes tax breaks, encourages spending

In yet another effort to boost the struggling economy, President Barack Obama unveiled a $447 billion jobs plan Thursday night.

Republicans pushing through measures to curb rights of unions in Wisconsin

In a 18 to 1 vote, Republicans in the Wisconsin state senate have passed the measures curbing the rights of the public sector unions.

U.S. markets close flat

New York -- U.S. markets closed flat Tuesday, failing to hold early gains prompted by a compromise tax plan announced by President Barack Obama.

The White House agreed with Republicans to extend the George W. Bush-era tax cuts for two years for all wage earners, even those earning above $250,000 per year. In return, Republicans agreed to an extension of jobless benefits for workers out of a job for extended periods.

Obama said millions of jobs were at stake. If the tax cuts ended for the middle class, jobs would be lost. With the tax cuts in place, millions of jobs were saved, he said.

U.S. markets rise on tax compromise

New York -- U.S. markets headed higher Tuesday after President Barack Obama announced a compromise had been reached with Republicans on a tentative tax plan.

The White House agreed to extend the George W. Bush era tax cuts for two years for all wage earners, even those earning above $250,000 per year. In return, Republicans agreed to an extension of jobless benefits for workers out of a job for extended periods.

Obama said millions of jobs were at stake. If the tax cuts ended for the middle class, jobs would be lost. With the tax cuts in place, millions of jobs were saved, he said.

U.S. markets rise on tax compromise

New York -- U.S. markets headed higher Tuesday after President Barack Obama announced a compromise had been reached with Republicans on a tentative tax plan.

The White House agreed to extend the George W. Bush era tax cuts for two years for all wage earners, even those earning above $250,000 per year. In return, Republicans agreed to an extension of jobless benefits for workers out of a job for extended periods.

Obama said millions of jobs were at stake. If the tax cuts ended for the middle class, jobs would be lost. With the tax cuts in place, millions of jobs were saved, he said.

Debate on Bush tax cuts rages

Stage is set for a battle. The moot point is the expiring Bush Tax Cuts. The stakes are high as the congressional elections are to be held in November.

Jobless aid extension blocked again

The adage ‘third time lucky’ did not hold true for the legislation extending unemployment benefits through November.

Parties spar over start of reform debate

Washington -- Democrats and Republicans in Washington sparred over an attempt to begin debate on a massive financial reform bill Thursday.

Senate Majority Leader Harry Reid, D-Nev., said time was up, attempting to sway Republicans to proceed with a floor debate on the issue.

"I'm not ready to waste any more time of the American people," he said, The New York Times reported Thursday.

His counterpart, Sen. Mitch McConnell, R-Ky., said informal negotiations to close the gap between the parties were making progress and should be allowed to proceed.

Pakistan the greatest threat--Biden

New York, February 11 -- Over the years, United States has expressed concerns over the threats posed by Afghanistan and Iran for carrying out secret nuclear enrichment program. But Vice-President Joe Biden said that his greatest concern at the moment is Pakistan.

Half the Americans discontented with Obama

Washington, January 18 -- The euphoria surrounding Barack Obama’s election to the white house seems to have faded within just one year of his term. A recent survey has revealed that almost half of the Americans are dissatisfied with their president.

Health care bill close to finalization

New York, December 20 -- In a crucial breakthrough towards implementation of Obama's health care program, the Democrats on Saturday garnered the required support, thus giving a major boost to the president’s proposed health care bill.

Healthcare bill approved by House, moves to Senate

New York, November 8 -- In what is being termed as the landmark bill, the House of Representatives Saturday approved the healthcare bill by a vote of 220-215.